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What is Mobile App Prototyping?

Nowadays, more and more companies and businesses are relying on the development of technical software and mobile apps, which are increasingly used by users. Why is mobile app prototyping becoming crucial in user engagement that translates into achieving business goals? Check out the blog post below. We invite you to read it!

What does mobile app prototyping involve?

The processes involving mobile app prototyping are a variety of techniques and tools used, aimed at experimenting designers and developers, to quickly implement new solutions, structures and functionalities in applications, so as to achieve the most optimal solution, affecting the increase of user satisfaction.

Why are they being prototyped?

Implementing mobile app prototyping allows designers and UX professionals to directly influence the positive perception of an app through clearer information structures. Such actions allow to effectively update the appearance of the app, which translates into an increased number of satisfied users, using the app in question.

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How to Increase Market Share of Your Products?

In the case of some businesses, it is really important to keep market share in mind. What is it, and how to increase your market share? If you are wondering about the same thing, keep reading!

What is market share?

Market share refers to the portion or percentage of total sales or revenue that a company or brand holds within a specific market or industry. It is a metric used to measure a company's relative size and performance in relation to its competitors. Basically, it provides insights into how successful a company is in attracting customers and capturing a share of the overall market demand for a particular product or service. Increasing it can be a difficult task that requires some strategic thinking.

How to increase market share?

There is no single way to increase market share. However, there are some tried and tested methods that generally help organizations boost their success. If you wonder how to increase market share of your brand, below are some proven ways:

Benchmarking;

Understand your target market and target customers;

Differentiate the offer;

Focus on product quality;

Make sure the pricing is competitive;

Leverage marketing and promotion;

Expand your distribution channels;

Boost customer loyalty;

Continuous improvement;

Monitor your market share and adapt your strategy.

Hopefully, now you have some general idea of how to improve your market share. Good luck!

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Importance of  Risk Management for App Development

App development is a complex process that involves multiple stages: planning, designing, development, testing, and deployment. Each of them presents potential risks that can impact the success of the app. To minimize the risks, it is crucial to remember about risk management for app development.

Why is it important?

Risk management is a proactive approach that helps identify, assess, and mitigate these risks, ensuring a smoother development process and a higher chance of app success.

Effective risk management in app development can enhance the quality of the app and improve the user experience. By identifying and addressing potential risks early on, the app can function as intended, providing a seamless and satisfying experience. It also helps to minimize costs and make project management more effective.

Risk management for app development: best practices

There are certain practices that help risk management for app development running smoother:

1. Continuous monitoring and evaluation:

Risk management is an ongoing process throughout the app development lifecycle. Regular monitoring and evaluation help identify new risks, assess their impact, and adapt mitigation strategies accordingly.

2. Collaboration between developers and stakeholders:

Developers should involve stakeholders in risk assessment and decision-making processes to ensure a comprehensive understanding of project goals and potential risks.

3. Learning from past projects:

Analyzing past projects and their risk management strategies is crucial to identify recurring risks and develop better preventive measures.

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Prototyping No-Code with Google Sheets? Yes, please!

While no-code development is often criticized for its many restrictions, it can be extremely helpful for prototyping purposes. And surprisingly, you could develop no-code in Google Sheets! How is that possible? Keep reading!

What is no-code development?

No-code development allows the development of digital products with no coding knowledge. All you need is a specialized platform or tool with an interface that typically has drag-and-drop features. The solution is very effective when it comes to time, but it is by no means perfect. Some issues worth mentioning are security and limited modification options. Still, technology has undeniable potential.

No-code prototype in Google Sheets

If you are looking to create a prototype in no-code Google Sheets is a must-try! That is because anything that can be done in a database, can be done in the tool. All thanks to formulas that can work with different ranges of data.

Alternatively, Google offers other tools that can come in handy when working on prototypes: namely, Google AppSheet and Google Apps Script. The first one is a no-code platform that integrates with Cloud storage providers such as Google Drive, and the latter is an add-on that allows running any code in JavaScript or React. Thus, Google Sheets can be used as a back-end of your product.

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What Are Product-Market Fit Metrics?

Product-market fit is a term that refers to the extent to which a product meets the needs and wants of its target market. Achieving product-market fit is critical for the success of any digital product, as it ensures that the product won't fail on the market. Companies can use several product-market fit metrics to measure the fit of their product and make necessary adjustments.

What are the most important product-market fit metrics?

Product-market fit, or PMF for short, is critical for the success of any business. There are several product-market fit metrics that businesses can use to measure the fit of their product. The most important ones come as follows:

1. NPS (net promoter score) measures the loyalty of your customers and their likelihood to recommend your product or service;

2. CLV (customer lifetime value) measures the ratio between how much money the company makes per customer and what it costs to acquire them;

3. Stickiness indicates how much users are engaged with the company’s offer.

How to know if the product has reached product-market fit?

Each product will have different product-market fit metrics, which is completely normal. However, before measuring the product’s performance in the product-market fit scale, it might be a good idea to check if it has reached product-market fit phase yet. In order to determine this, it might be a good idea to look at churn rate and retention score.

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Scaling Product 101

Undoubtedly, digital products nowadays should have the capacity and capability to grow with their users. Thus, it is crucial not to forget about scaling a product.

What is product scaling?

Scaling is a process of improving the digital product and leveraging its growth. It is also the last stage of the digital product development cycle.

There is no one way to scale a product, as each product's growth will depend on many factors, starting with its market, competitors, demand, and many more. The exact benefits of product scaling also depend. In many cases, scaling provides the following benefits:

Business growth;

Incorporation of new technologies and solutions;

Improving the product's stability and reliability without affecting its current performance.

When should you start scaling the product?

As was mentioned before, scaling product is the final stage of the product development cycle. It comes after prototyping, developing a minimum viable product, and iterating the product-market fit. After those stages are completed, it is time to consider scaling up.

Scaling is usually performed by the scaling or development team. They lay out a plan for refactoring and building a scalable, secure system that will allow their client's business and product to grow organically in the future.

Scaling should also be considered when there is a need to implement new, more secure technologies. 

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What is Design Debt and How to Tackle the Issue?

Just like technical debt or UX debt, design debt can become a real issue. Thus, it is crucial to minimize it from the beginning. If you want to know how to do that, keep reading!

What is design debt?

Simply put, design debt refers to the issues of little to no relevance to the initial product design goals. It can be product backlog, UI bugs, and basically any feature that allowed to reach short-term goals of the product design without functionality or user experience in mind.

Similarly to UX debt and technical debt, it can accumulate over time. Thus, little design flaws can hugely affect the product. However, it is possible to minimize the issue.

How to minimize the issue?

There are 2 main reasons for design debt:

Designing a new feature for more revenue but overlooking how it fits the overall product goals;

The placing of this new feature disrupts initial design.

So, how to tackle the issue? Firstly, it is crucial to measure how much debt has already occurred, for how long, and where it causes issues. Then, the team should think of the processes that could minimize the issue. Tracking progress is important, too.

To prevent the issue from happening as much as possible, it might also be a good idea to implement some practices that prevent design, UX, and technical debt from happening. One example is setting a design system in place. 

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What Are the Best Prototyping Tools for UI/UX Designers?

Are you wondering what the best prototyping tools for UI/UX designers are? In this article, we’ll introduce you to a few solutions that can make your work easier and more enjoyable. With the right tools, you’ll be able to meet the expectations of the target audience.

What are prototyping tools?

Prototyping tools help you create prototypes of your products, which you can then use to test ideas, gather feedback, and present them to clients. With the help of these solutions, you can easily design user interfaces, workflows, and interactions to check if they meet the expectations of users.

So, what are the best prototyping tools for UI/UX designers?

3 best prototyping tools for UI/UX designers

When talking about the best prototyping tools for UI/UX designers, it’s important to mention:

Adobe XD is a powerful prototyping tool that allows you to create interactive prototypes of websites and mobile apps. With its help, you can easily design user flows, test them with users, and gather feedback.

Figma is vector drawing and animation software that can be used for prototyping. It provides a wide range of features that can help you create high-quality interactive mockups and prototypes.

Balsamiq is a prototyping tool that allows you to quickly create prototypes of websites and mobile apps. Balsamiq is easy to use and provides a wide range of features that enable intuitive and efficient prototype creation. 

Why should you use them?

Thanks to the best prototyping tools for UI/UX designers, you can quickly bring your ideas to life and check if your software is likely to meet the expectations of the target audience.

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What Are the Benefits of Mobile App Prototyping?

Have you heard about mobile app prototyping? With its help, companies can quickly bring new products to market without unnecessary costs and fear of creating an app or software that people won’t use. What is mobile app prototyping and what makes it worth the investment?

Mobile app prototyping - what is it?

So, what is mobile app prototyping? It’s an essential stage in any product development process. It allows developers to create a working model of their product, test it, and make necessary changes before the final product is released. 

Mobile app prototyping is a great and effective way to create a prototype of your app idea, test it, and make sure it meets your users’ needs.

Main benefits

There are many reasons why mobile app prototyping is so popular. The most important benefits include:

It’s a cost-effective way to create a working model of your app or software,

It allows you to test your app idea with real users and get feedback before you invest time and money into developing a final product,

It can help you avoid common mistakes that can lead to developing an app that people don’t want to use,

It can help you save time in the long run by making sure your app is ready for market before you start the development process,

It can help you raise funds for your app by showing potential investors a working prototype of your product,

Therefore, if you’re thinking about creating your own application, software, or other digital products, mobile app prototyping services can save you time and money in the long run.

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What Is Mobile App Prototyping?

Would you like to bring a new digital product to market, but you’re afraid of failures? We can offer you something tailored to your needs. With mobile app prototyping, you can quickly build a new digital product and see if it meets the expectations of potential users. All this without burning your budget.

Mobile app prototyping - definition

Have you ever heard about it? Mobile app prototyping is the process of designing, testing, and iterating on a mobile app prototype. A prototype is a rough approximation of the final product and is typically used to monitor user experience and early versions of the app's functionality.

Why should you invest in this approach?

There are many reasons why investing in mobile app prototyping is a good idea. It's worth mentioning that:

it can help you save time and money in the long run.

it allows you to test your app idea before you invest in developing the actual app. 

it helps you make sure that your app is viable and that you are not wasting your time and money on a digital product that won't be successful.

The takeaway

As you can see, investing in mobile app prototyping is a great way to save money, and void situations when you devote lots of time and energy to building a digital product that doesn’t meet the needs of users. 

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What Is Webflow Design?

No code web design tools are gaining increasing popularity in the IT industry. With their use, it’s possible to build fully functional, and interactive websites. All this without using code. Webflow is one of the available solutions. What is Webflow design to be more precise and why should you choose it?

Webflow design - what is it?

Are you wondering “what is Webflow design”? Well, the answer to this question is rather simple.

Webflow is a web design platform that enables users to create responsive websites without having to write code. Webflow also includes features for e-commerce, CMS, and hosting.

Why is it worth choosing it?

There are many reasons why knowing what is Webflow design pays off. First and foremost, the tool allows web developers to:

get an idea of how a website will look before starting to code it;

save time on coding by automatically generating clean and well-organized code;

create responsive designs that look great on any device;

collaborate with other team members on the same project;

create fully functional, and versatile website projects without using the code;

export the code and host the website anywhere.

The takeaway

Having the information on what is Webflow design allows companies to quickly and effortlessly create templates of their ideal websites. Thanks to this no code solution, it’s possible to easily bring digital products to the market, and save money.

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How to Manage Challenges on Long-running Products?

Product managers often face problems that come with long-running products. These can be anything from maintaining an existing product to making changes to keep the offer relevant. How to manage challenges on long-running products? Here are some tips That should help you!

Long-running product management

Are you wondering how to manage challenges on long-running products? The task can be complex. Fortunately, there are a few tips that make it easier. 

Keep your products relevant

One of the biggest challenges with long-running products is keeping them relevant. This can be difficult as technologies and user needs change over time. It’s important to constantly review your offer and make changes where necessary to keep it up-to-date. This may mean adding new features, redesigning the user interface, or even rethinking the entire product.

Maintain a good user experience

Another challenge is maintaining a good user experience. This can be difficult as you need to balance new features with the existing user experience. It’s important to constantly review the user experience and make changes where necessary. If you’re thinking how to manage challenges on long-running products, modifying the user interface may be an answer to your problem!

The takeaway

Finding an ideal recipe on how to manage challenges on long-running products can be time-consuming. Try to balance the need for change with the need to maintain the existing product, and monitor users’ responses to implement adequate changes when necessary.

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How to Calculate ROI of a Product? Everything You Should Know

Have you ever wondered how to calculate ROI of a product? Developing an MVP or even complete version of your app, or software isn’t the end of the journey. You should also be able to estimate, whether your hard work is likely to pay off. Keep reading to learn more!

What is ROI?

Before we move on to discussing how to calculate ROI of a product, it’s crucial to understand what it actually is. 

ROI (return on investment) is an indicator used to evaluate the effectiveness of investments. It allows estimating the performance of marketing activities undertaken and the profitability of using advertisements. ROI attempts to directly measure the amount of return on a specific investment relative to its cost. To calculate ROI, the profit (or return) from a campaign is divided by its cost. The result is expressed as a percentage.

ROI of a product - how to calculate it?

Are you wondering how to calculate ROI of a product? It’s easier than you think! You can use the following formula:

ROI = (revenue - cost of goods and services sold) / cost of goods and services sold x 100%

So, subtract the marketing costs from the profit made. So, for example, if you have made USD 30,000, but the marketing campaign cost USD 15,000, your ROI of a product will be USD 15,000. 

The takeaway

Knowing how to calculate ROI of a product is crucial to succeed and make informed business decisions. Use the above-mentioned formula to see if your products are profitable!

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Budgeting in Agile Projects

Are you wondering how budgeting in agile projects is done? Read today’s entry to discover effective methods of managing your finances and see for yourself how to make everything work!

How does budgeting in agile projects work?

When it comes to budgeting in agile projects, it’s flexible, similarly to other aspects of the process, including reviews, planning, or retrospectives. 

It’s important to mention that in this methodology, there is nothing that could be taken for granted. Even if you plan your entire project and plan of activities, you should stay flexible. 

Budgeting in agile projects is about being open to emerging situations, and circumstances. When needed, you pivot the existing strategy or implement necessary changes. As budgeting in agile projects works in sprints that tackle priorities, it’s all about analyzing the feedback and making necessary changes.

Steps of budgeting in agile projects

Typically, budgeting in agile projects can be divided into the following steps:

evaluations and estimations done based on the requirements of customers,

workshops devoted to product discovery,

planning activities,

developing and delivering the product in sprints.

The takeaway

Proper budgeting in agile projects can bring you numerous business benefits. It makes it possible to precisely determine the time needed to develop the product, and limit unnecessary expenditure. All this thanks to analyzing available feedback and implementing changes in advance.

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Characteristics of Design Thinking

What are the characteristics of design thinking and how can you devise a strategy that will allow you to meet the expectations of potential customers? Check out our entry to learn more!

What is design thinking?

In a nutshell, design thinking is about finding a way to understand customers’ needs, analyze them in detail, and devise a solution-oriented strategy that makes it possible to satisfy customers’ expectations. The design think process necessitates intense collaboration, creativity, questioning, exploration and continuous improvement.

One of the characteristics of design thinking is that it helps to boost the creativity to come up with solutions to existing problems.

What are the characteristics of design thinking?

When it comes to discussing the characteristics of design thinking, it’s crucial to mention:

profound analysis - it makes it possible to gain valuable insights into customers’ motivations,

ideation - creativity, brainstorming and being open-minded is characteristic of design thinking,

prototyping - this allows you to create products and services that are solutions to the users’ problems,

empathy - it enables to get to know the customers, understand their needs, problems, and desires,

testing - the last characteristic of design thinking is about testing devised solutions to see whether they serve the purpose. At this point, it’s also crucial to gather users’ feedback.

The takeaway

Understanding the characteristics of design thinking will allow you to refine your strategy and ensure that it meets the expectations of your potential customers.

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Digital Transformation in Real Estate Industry – What Are the Main Challenges?

What is digital transformation in real estate industry and why isn’t it as simple as it might seem at first? Keep reading our article to discover the main challenges!

Digital transformation in real estate industry – what is it?

Digital transformation in real estate industry is about using cutting-edge technology to streamline processes within companies and to reduce the amount of repetitive tasks. Therefore, if you want to gain a competitive advantage over other companies operating in the sector, you should definitely benefit from available solutions.

Top challenges of digital transformation in real estate industry

As in every situation, there are certain obstacles that make the entire process more complex. When it comes to the most important challenges of digital transformation in real estate industry, it’s crucial to mention the fact that:

Many companies and individuals are simply afraid of changes. As they’re used to the traditional form of finalizing transactions, it might be hard to convince them to change their habits,

Many real estate companies don’t have sufficient funds to invest in appropriate tools and technologies. Digital transformation is usually quite expensive and requires sizable investments,

Digital transformation in real estate industry is a long-term, complex process.

The takeaway

Although digital transformation in real estate industry isn’t a piece of cake, it can bring great benefits to companies operating in the industry.

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A few words about Boldare

First, let us introduce ourselves... We are Boldare, a masterful and excellent digital product development company. Our talented development teams have many years of experience at building future-proof, visually pleasing and functional digital products which exceed our clients’ expectation and fully respond to their business goals. During all these years, we have build about 250 digital products for companies from all over the world, including BlaBlaCar or Sonnen. 

What makes our product development company so special?

We closely cooperate with our clients on every stage of building digital products - owing to transparency and attention to every detail our clients are always fully satisfied with the final version of products we deliver. We build web apps, software and mobile apps which are user-centered and secure. Would you like to learn more about our product development company? Be sure to visit our website and check which services we offer. Don’t hesitate and contact us - we will provide everything you need and guide you through your digital transformation journey.